Cryptocurrency Analysis and News Portal
The folks at Deribit apparently think betting on a $100,000 bitcoin (BTC) price is so earlier-this-month because on Friday, mere hours before the leading cryptocurrency hit $25,000 for the first time, the crypto derivatives exchange announced contracts on $120,000 BTC with $140,000 coming soon. Source
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Seattle-based venture capital firm Bloccelerate closed a $12 million fund on Nov. 30 to bet on both enterprise blockchain adoption and Ethereum-based financial applications.The firm’s general partners, Kate Mitselmakher and Sam Yilmaz, told CryptoX in a call the fund will allocate 80% of its equity investing in the infrastructures enabling
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Bitcoin (BTC) was lower for a second day, slipping below $18,000 to the lowest in almost two weeks. “The momentum that characterized bitcoin throughout October and November seems to have cooled down,” Matt Blom, head of sales and trading for the cryptocurrency-focused financial firm Diginex, told clients Friday in a note.
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Shares of MicroStrategy fell on Tuesday after Citibank reportedly downgraded the business intelligence firm over its “disproportionate” Bitcoin focus. Citi analyst Tyler Radke issued a “sell” rating on MSTR shortly after the company announced it was raising more money to buy Bitcoin (BTC). Radke says CEO Michael Saylor’s “disproportionate focus on
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Polkadot doesn’t have to be an “Ethereum killer” to succeed, according to protocol founder Gavin Wood. In a “fireside chat” with podcaster Laura Shin during the Polkadot Decoded business summit on Thursday, Wood was asked whether his protocol could exist alongside Ethereum given its lofty development goals and growing success in
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Low volumes are keeping the bitcoin market in the $19,000 neighborhood; option traders expect a high ether price in December but aren’t so convinced about next year.Bitcoin (BTC) trading around $19,110 as of 21:10 UTC (4:10 p.m. ET). Gaining 0.60% over the previous 24 hours.Bitcoin’s 24-hour range: $18,360-$19,357BTC near its
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The Dow Jones Industrial Average rose by as much as 331 points on Tuesday.Markets are pricing in a potential Biden victory.A contested election could reverse this morning rally.The Dow and broader U.S. stock market traded higher on Tuesday, as investors hoped that a clear winner would emerge from the U.S.
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MicroStrategy executives said Tuesday its 38,250 bitcoin treasury is boosting the business intelligence company’s market visibility in Q3 as its revenue rose 6.4% year-over-year and notched a net loss of $14.2 million. On a non-GAAP basis, the company posted a profit of $19.8 million, or $2.06 per share, up from
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A recap of an exceptionally bullish week for bitcoin and crypto as a whole. On this week’s Breakdown weekly recap, NLW looks at:The initial price action that started the weekDebates about whether BTC was thriving at the expense of alts and DeFiThe PayPal newsNews of more public companies putting treasury reserves into BTCPaul
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Bitcoin’s price continues to move up, with a little help from the U.S. Federal Reserve, while ether traders are hedging in the options market. Bitcoin (BTC) trading around $10,979 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours.Bitcoin’s 24-hour range: $10,662-$11,099BTC above its 10-day and 50-day
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